Is Pittsgrove Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Pittsgrove Township was a Seller's Market.
Housing Prices in Pittsgrove Township, NJ
How much do homes in Pittsgrove Township, NJ cost?
Median Sold Price
$330,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Pittsgrove Township was $330,000 in May 2024, up 10% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $164K | $220K | +34.1% |
3 Bedrooms | $288.7K | $319.9K | +10.8% |
4 Bedrooms | $381.2K | $390K | +2.3% |
5+ Bedrooms | $575K | $699K | +21.6% |
Summary: Pittsgrove Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 34.1%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 21.6%.
Median Sold Price Compared To Nearby Cities
Franklin Township | $280K | $332K | +18.6% |
Elmer | $270K | $300K | +11.1% |
Pittsgrove Township | $300K | $330K | +10.0% |
Vineland | $255K | $265.2K | +4.0% |
Housing Supply in Pittsgrove Township, NJ
How many homes are available in Pittsgrove Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 26 | +18.2% |
Summary: The Pittsgrove Township real estate market had 26 homes for sale in May 2024, a 18.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 13 | 14 | +7.7% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Pittsgrove Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 2 | -60.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Pittsgrove Township in May 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Pittsgrove Township, NJ
How long does it take to sell a home in Pittsgrove Township, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
11 Days | 33 Days | +200.0% |
Summary: Homes in Pittsgrove Township had an average of 33 days on market in May 2024, up by 200% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Pittsgrove Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.